SpareBank 1 Østlandet SPOL.OL
NorwayFinancial Services · Banks - RegionalEuronext Oslo Børs · NOK
201.67 NOK (+2.8%)
3 analysts
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SpareBank 1 Østlandet is a Norwegian regional bank offering traditional financial services (retail banking, loans, deposits, and insurance) to individuals and businesses in eastern Norway.
Listed on Euronext Oslo Børs · Symbol SPOL.OL · OB: SPOL · Currency NOK
Key points
from its scores- ✓High-quality business9.8
- ✓Favourable backdrop8.7
- ✓Attractive dividend8.1
- ✕Weak growth3.0
- ✕Poor share-price trend4.5
AI analysis
bottom line, main risk, context and newsSolid quality and dividend, but negative growth and a valuation with no room for improvement limit upside potential.
SpareBank 1 Østlandet shows solid profitability (ROE 12.79%) and a very strong competitive moat (net margin 46.75%), but its growth is negative (revenue -4.60%) and its valuation is reasonable (P/E 11.20), with an attractive dividend yield of 5.83%.
Negative revenue and earnings growth (-4.60% and -7.00%) could indicate business stagnation in a mature and competitive Norwegian market.
Context and risks
Norwegian bank with solid governance and minority protection, but exposed to a rising ECB rate environment that could pressure credit demand and asset quality in a small, open economy. Regulatory risk is moderate, not severe.
Is SpareBank 1 Østlandet stock cheap or expensive?
at the analysis dateOn P/E and Price / book, it trades 30% below the Financial Services median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 11.2 | 13.7 | −18% |
| Price / book | 1.1 | 1.9 | −42% |
| Price / sales | 3.7 | 3.5 | +7% |
Sector: median of the 351 Financial Services companies analysed. In bold, the multiples used for the comparison.
Valuation score: 6.9 out of 10 (median for Financial Services: 5.2).
Average analyst target: 201.67 NOK, +2.8% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 5.1 (sector 5.5), Growth 3.0 (sector 6.9).
Classic formulas with standard assumptions (0.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Financial Services medianValuation
- P/E
- 11.2
- Forward P/E
- 11.5
- Price / book
- 1.1
- Price / sales
- 3.7
- Market cap
- 26.6B NOK
- Enterprise value
- 29.5B NOK
Profitability
- ROE
- 12.8%
- ROA
- 1.6%
- ROIC (approx.)
- 6.2%
- Gross margin
- 0.0%
- Operating margin
- 60.4%
- Net margin
- 46.7%
Solvency
- Total debt
- 46.2B NOK
- Net debt
- 2.6B NOK
- Cash
- 43.6B NOK
Growth
- Revenue growth
- −4.6%
- Earnings growth
- −7.0%
- EPS (TTM)
- 17.51 NOK
- EPS (forward)
- 17.08 NOK
Dividend
- Dividend yield
- 6.5%
- Payout
- 72.5%
Risk and market
- Beta
- 0.35
- Analyst consensus
- Hold (3)
- Target price
- 201.67 NOK
- 52-week range
- 173.00 – 215.70
Recent news
All SPOL.OL news →Compare it with its sector
All 351 in Financial Services →Frequently asked questions about SpareBank 1 Østlandet
Is SpareBank 1 Østlandet stock cheap or expensive?
On P/E and Price / book, it trades 30% below the Financial Services median on average. Valuation score: 6.9 out of 10 (median for Financial Services: 5.2). Average analyst target: 201.67 NOK, +2.8% versus the price. This is not investment advice.
What score does SpareBank 1 Østlandet get on MeridIAn Screener?
It scores 7.0 out of 10, rank 229 of 2,130 (better than 89% of the companies analysed). Its strongest category is Quality / Moat (9.8) and its weakest, Growth (3.0). Analysis of 08/10/2026.
What is SpareBank 1 Østlandet's P/E ratio?
Its P/E is 11.2: the share price equals 11.2 times earnings per share over the last 12 months. The Financial Services median is 13.7. Based on the earnings analysts expect, the forward P/E is 11.5.
How much is SpareBank 1 Østlandet worth on the stock market?
Its market capitalisation is 26.6B NOK.
Does SpareBank 1 Østlandet pay a dividend?
Yes: its dividend yield is 6.48% and it pays out 73% of its earnings.
How has SpareBank 1 Østlandet stock performed over the last year?
It has risen 11.5% over the last year, excluding dividends. Over the last 52 weeks it has traded between 173.00 and 215.70 NOK. Past performance does not guarantee future results.
What do analysts think of SpareBank 1 Østlandet?
3 analysts cover it; their average recommendation is “Hold” and their average target is 201.67 NOK (+2.8% versus the price). It is an estimate, not market data.